The Ever-Changing World of Private Mortgage Insurance; Capital Markets

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Posted To: Pipeline Press

Residential lenders aren’t the only ones having a tough time out there. Builder Hovnanian reported a Q2 loss of $9.8 million. The Social Security program’s costs will exceed its income this year for the first time since 1982, forcing the program to dip into its nearly $3 trillion trust fund to cover benefits. (It is estimated that the trust fund will be depleted in 2034 and Social Security will no longer be able to pay its full scheduled benefits unless Congress acts to shore up the program’s finances.) And while our stock market has rallied nicely, many large consumer food companies have seen their share prices drop by more than 30% in the last year as consumers move to fresh food and new brands. Private Mortgage Insurance News National MI announced the introduction of Rate…(read more)

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